In a statement released on Tuesday, Turkey's Economy Minister Zafer Caglayan stated that foreign direct investment inflow to the country increased 21% and reached 8.2 billion USD in the first half of the year. In June alone, foreign direct investment inflow rose 1.7 billion USD. "These new figures show Turkey is a safe harbor for direct investment," the minister stated while inviting international entrepreneurs to invest in Turkey.
Caglayan noted that nearly 78% of the entire foreign investment inflow came from European Union countries for the specified period. England (2 billion USD), Austria (1.4 billion USD), and Luxembourg (676 million USD) are among the leading countries for such investments. Caglayan also noted that while 620 internationally-financed companies had been established during the first six months of the year, 79 nationally-financed companies had partnered with international companies in the same period.
"Thirty thousand, three hundred and thirty-three international-financed companies are operating in Turkey as of the end of June. Fifty-two percent of mentioned companies are from EU countries,” said Caglayan. With 4,918 companies Germany was one of the top countries contributing to Turkey’s foreign direct investment. England and The Netherlands followed with 2,369 and 2,014 companies, respectively.
Click here to read the full article, as posted in The Journal of Turkish Weekly.